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https://ttlc.intuit.com/community/taxes/discussion/i-received-an-art-grant-from-a-non-profit-and-it-is-not-supposed-to-be-taxable-they-reported-it-on-a/00/760809
Jun 08, 2019 · I received an Art Grant from a non-profit and it is not supposed to be taxable. They reported it on a 1099-MISC. Not sure what to do. The Art Grant I received was reported by the non-profit charitable organization on a 1099-MISC box 7 Non-Employee Income. Per the IRS website it's not taxable: https://www.irs.gov/charities-non-profits/private-foundations/grants-to-individuals.
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · Like other professionals who work in a freelance capacity, artists typically earn untaxed income that they must report to the IRS—and if the artist had a clear intent to make a profit, their practice is considered to be a business.
https://learning.candid.org/resources/knowledge-base/funding-for-individual-artists/
Tax, legal and health care services are sometimes available specifically for cash-strapped artists, either for free or at discounted rates. Another way for artists to gain funding is to contact a nonprofit with a related mission that will serve as their fiscal sponsor. This allows artists to apply for grants and solicit tax-deductible charitable contributions under the sponsor's exempt status.
https://turbotax.intuit.ca/tips/are-bursaries-and-grants-taxable-income-for-artists-2365
Apr 30, 2014 · For income tax purposes, it is not an artistic activity when you reproduce these items. How much can you claim? The amount you can claim is limited to the lesser of 20% of your employment income from artistic activities or $1,000 but if you have expenses that you can’t claim because of this, you can carry them forward and deduct them from artistic income you earn in a future year.
https://www.irs.gov/charities-non-profits/private-foundations/grants-to-individuals
Jun 02, 2020 · Grants to individuals for travel, study, or other similar purposes (including loans made for charitable purposes, and program-related investments) are taxable expenditures, unless the following conditions are met:. The grant is awarded on an objective and nondiscriminatory basis under a procedure approved in advance by the Service, and; It is shown to the satisfaction of the Service that one ...
https://www.hrblock.com/tax-center/income/other-income/are-scholarships-and-grants-taxable/
Some grants are treated the same as a tax-free scholarship, and the amounts you use to pay for qualified education expenses are tax free.
https://www.format.com/magazine/resources/art/best-art-grants
Oct 24, 2018 · Between four and seven artist grants are given out each year. Applicants have to be living and working in the U.S to be eligible. Photography Grants. These are some art grants aimed specifically at photographers, including some that will consider both artistic and journalistic photography. Aaron Siskind Foundation GrantsAuthor: Format Team
https://canadacouncil.ca/funding/grants/guide/if-you-receive-a-grant/income-taxes
Scholarships, bursaries, fellowships, artists’ project grants, and prizes. As requested by Canada Revenue Agency (CRA), we enter all grants in box 105 of the T4A slips. Box 105 is described as follows on the T4A: “Scholarships, bursaries, fellowships, artists’ project grants, and prizes”.
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